Insurance Regulatory Compliance Expert

7 days ago


County Dublin, Ireland Fruition Group Full time

Job Description:

Fruition Group is seeking a highly skilled Insurance Regulatory Compliance Expert to join their team on a daily rate contract basis.

The ideal candidate will have strong expertise in regulatory frameworks and insurance, with a particular focus on IFRS 17 implementation and compliance.

This is a critical role supporting the insurance business in ensuring they meet both regulatory requirements and internal operational efficiency.

Key Responsibilities:

  • Act as a liaison between regulatory bodies and internal teams to ensure all regulatory requirements are clearly understood and met, particularly around IFRS 17.
  • Support the implementation and ongoing compliance of IFRS 17 standards, ensuring the organization's systems and processes align with the requirements.
  • Conduct gap analysis between existing processes and IFRS 17 requirements and work with various teams to close these gaps.
  • Collaborate with actuarial, finance, and IT teams to define and refine requirements for IFRS 17-related processes and reporting.
  • Provide regulatory advice to internal teams regarding changes in financial regulations affecting the insurance industry.
  • Prepare and present detailed reports and documentation outlining regulatory requirements, compliance strategies, and progress of implementation.
  • Assist in the development of business cases and strategic plans related to regulatory compliance.
  • Support the development and execution of testing and validation of systems related to IFRS 17.
  • Proactively monitor developments in regulatory standards and provide advice on how they affect the business.
  • Facilitate workshops and meetings to ensure all stakeholders are aligned on regulatory changes and their impact on business operations.

Required Skills and Qualifications:

  • Experience with IFRS 17 and a strong understanding of its impact on insurance financial reporting.
  • In-depth knowledge of regulatory frameworks within the insurance industry.
  • Strong experience as a Business Analyst in insurance, ideally with a regulatory or compliance focus.
  • Proven ability to conduct gap analysis, risk assessments, and define business requirements.
  • Strong experience working with multiple departments, including finance, actuarial, and IT, to implement regulatory solutions.
  • Familiarity with financial systems, particularly in relation to IFRS 17 reporting and data extraction.
  • Ability to communicate complex regulatory and technical concepts to both technical and non-technical stakeholders.
  • Strong organizational and project management skills, with the ability to handle multiple priorities.
  • Certifications in insurance or regulatory standards would be beneficial (e.g., CII, FIA, etc.).

Benefits:

Fruition Group offers a hybrid work environment.



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